News

Regulation
NPCI’s New Third-Party Payments Growth Cap Will Impact Google, Walmart
November 05, 2020

As Google and Walmart battle for market share in India’s fast-growing payments sector, they face a new obstacle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Partnerships / Acquisitions
Shift4 Payments Acquires 3dcart For Its ‘Unified Commerce Ecosystem’
November 05, 2020

Payments technology startup Shift4 Payments has acquired eCommerce firm 3dcart to create a global, “unified commerce ecosystem,” the company announced in a Thursday (Nov. 5) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

News
Today In Payments: China’s Ant IPO Suspension Likely Came From The Top; LendingClub Q3 Loan...
November 05, 2020

In today’s top news, China’s suspension of Ant Group’s IPO likely came from top officials, and LendingClub’s third-quarter earnings boasted an impressive rebound. Plus, Uber reports earnings tonight (Nov. 5), after scoring a big win in California over gig worker status. Get the Full Story...

Security & Fraud
UK Banks Nix $1.3B In Fraudulent ‘Bounce-Back’ Loans
November 05, 2020

The United Kingdom’s version of the Paycheck Protection Program is also getting hit up by fraudsters, though British bankers appear to be a step ahead in short-circuiting the scams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Banking
Commerzbank Warns Of Pandemic-Related Bankruptcies In 2021
November 05, 2020

Commerzbank, Germany’s second-largest bank, is bracing for widespread bankruptcies among small and mid-sized business customers as the pandemic continues to weigh heavily on the global economy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Payment Methods
Facebook’s WhatsApp to Expand Indian Payments Service After NPCI Approval
November 05, 2020

WhatsApp has won a green light to expand its payments service in India after a two-year pilot program by the Facebook-owned service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Retail
Melding Digital With Physical Rescues In-Store Retailing
November 05, 2020

From where things stand in Q4 2020 it’s not hard to imagine physical retail going extinct. And as compelling as the current eCommerce expansion is, counting out stores is a big miscalculation. Get the Full Story Complete the form to unlock this article and enjoy...

Retail
Grocery Round-Up: Ahold Delhaize Surges, Whole Foods Struggles With Labor Woes
November 05, 2020

No matter how one voted in this week’s U.S. presidential election, the inescapable fact is that we all have to eat – which means the race to dominate the grocery vertical continued to move briskly in recent days, even as the election remains unsettled. Get...

International
ByteDance Valuation To Hit $180B As TikTok Owner Eyes IPO For Douyin
November 05, 2020

TikTok owner ByteDance could see its valuation jump to a stunning $180 billion as it seeks another round of investor cash as part of an emerging plan to list some of its businesses on Hong Kong’s stock exchange. Get the Full Story Complete the form...